Selling in 2022? Price It Right.

It’s no secret that the housing market is changing in 2022. During the pandemic a combination of low housing inventory with high consumer demand and cheap money to borrow - housing prices soared. Now that the Fed is aggressively raising interest rates, purchasing homes has slowed dramatically.

 

If you’re selling in this market, there is one piece of advice reputable and trusted real estate advisors are saying:

Price It Right.

How do you know what that perfect number is? The only way to find out is to get a pre-listing appraisal Why? Because the housing market is different from a few months ago, not to mention last year.

The goal is to sell at fair market value.

Real Estate agents can give home sellers comparables and suggest a price, but with the housing market changing month to month - even real estate agents can get it wrong. Remember: their goal is to get the highest price because their commission depends on it - or they are trying to turn over inventory and sell too low.

“Pricing your home shouldn’t be a guessing game,” says Phoenix appraiser Steve Leavitt. “Right now we have realtors calling to get help with pricing and we tell them the best thing to do is get a pre listing appraisal.”

The benefit of getting a pre listing appraisal go beyond having the right price:

• Valuable negotiating tool once you have a potential buyer
• Written proof of your home’s condition inside and out
• Discover potential problems and eliminate last-minute repair hassles that might delay a closing
• Decrease the chances of unknown problems that cause sales to fall through

When you hire the appraiser, as opposed to the bank hiring the appraiser during the selling process, you get the opportunity to talk to the appraiser because YOU are the client, not the bank. Take this opportunity to ask the appraiser what improvements or fixes could add value to the home.

While many things we do to our homes have an effect on their value, not all of them have an equal effect. A kitchen remodel may improve the appeal of a home, but it may not add nearly enough to the value to justify the expense. Appraisers can advise on the value of updates, and help make these decisions.

Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Appraisal fees are based on efforts to complete the report and not a percentage of the sales price. So a professional appraisal can often help homeowners make the best decisions on investing in their homes and setting a fair sales price.

 

Need A Pre-Listing Appraisal In Phoenix, AZ?

We have over 25 years experience appraising homes in the Phoenix area including Scottsdale, Chandler, Gilbert, Mesa, San Tan Valley and surrounding areas. We welcome you to look through our website, review appraisal services and learn more about our expert appraisers.

Give us a call to schedule your appraisal.